As revenue dropped by 13.94 per cent, a corresponding (or near that) drop in cost would have made all the difference. But cost dropped by just 4.8 per cent.Read More
The NSE market capitalisation which represents the total value of equities traded on the NSE dropped marginally by 0.07 per cent to close trading at N9.563 trillion from N9.570 trillion it closed last week Friday, %, while the Year-to-Date return stood at -2.80 per centRead More
Wading through the bearish market sentiment for most trading days in 2016, investors have amply rewarded good performance in Presco Plc.
The company had turned in impressive first half 2016, H1’16, results on July 29, 2016 with stellar performance in both topline and bottomline. Consequently, the market rewarded the stock with almost 5.0 per cent gains in the first post-result trading day.
CEMENT, a major commodity in the construction in industry, must have suffered a huge drop in market patronage following the massive headwinds in Nigerian economy since second quarter of last year. Obviously, operators in that line of business took the hit.Read More
The Securities and Exchange Commission, SEC has said that the controversies trailing the 2016 budget was affecting investment decision in the Nigerian market.Read More
Companies that list their shares on two separate stock exchanges around the world have the advantage of diversifying their risk, says the Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema.Read More
IN the wake of the first profit warning issued this year coming from First City Monument Bank Plc in January, Vanguard Investor’s Forum had indicated that many more quoted companies would issue profit warnings due to the macroeconomic headwind of the financial year 2015. And within six weeks about six more came in with three leading banks involved.Read More
DESPITE positive corporate results announced in the stock exchange early in the week the market ended the week negative. Proshare analysts gave insight of what happened.Read More
PREVIOUS week’s corporate disclosures, a measure of corporate discipline and integrity resonated with profit warning from FCMB Plc, a major player in Nigeria’s banking sector. A week later another quoted company, Courteville Business Solutions, the technology company running the popular Autoreg, issued their’s.Read More
BONDHOLDERS may hope for improved liquidity with the proposed Lagos State repayment re-scheduling. Reacting to the plans by Lagos State Government to propose a new repayment schedule for the bond Managing Director/Chief Executive Officer, Cowry Asset Management Limited, Mr. Johnson Chukwu, said “The reason why the Lagos State Government wants to convert two of its outstanding bonds of N80 billion and N87.5billion, totalling N167.5billion, from bullet payment bonds to amortising bonds is for the state to reduce the interest burden it is bearing on both bonds.Read More
FMDQ OTC Securities Exchange Plc has outlined key initiatives that it intends to concentrate on in the course of the year to drive development in the Debt Capital Market (DCM).Read More
It has happened to many investors. Your stockbroker helps you to sell your shares. You had instructed him to sell at any price because you need the money urgently. He sells the shares at N20 per share but tells you he sold at N18 per share. Or the broker uses your money for his expenses and tells you he is yet to sell the shares. These unethical practices have caused many investors to lose confidence in the stock market and hence discouraged from investing in the market.Read More
IN response to the several complaints from Investors Forum over the Electronic Dividend Mandate Management System (e-DMMS) portal, the Securities and Exchange Commission (SEC) has set up a monitoring team to monitor compliance with the implementation of the initiative.Read More
THE Securities and Exchange Commission (SEC) has announced the official take-off of the National Investors Protection Fund (NIPF) and conclusion of arrangement to compensate a total of 580 investors whose claims have been successfully verified.Read More